The Securities and Exchange Commission (SEC) may require independent auditors to examine energy companies’ proved oil and natural gas reserves in the wake of the major reserve write-downs by Royal Dutch/Shell Group and El Paso Corp. this year, according to an SEC memorandum that was sent to Rep. John Dingell (D-MI) last month.
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SEC May Seek Independent Audits of Reserves; Lawmaker Urges Major Reforms
The Securities and Exchange Commission (SEC) may require independent auditors to examine energy companies’ proved oil and natural gas reserves in the wake of the major reserve write-downs by Royal Dutch/Shell Group and El Paso Corp. this year, according to an SEC memorandum that was sent to Rep. John Dingell (D-MI) last month.
Prosecutors Examine Other Enron Deals; Fastow Indicted Again
Prosecutors wading through the burgeoning and expensive Enron Corp. case may consider charges in the next month related to Whitewing and Yosemite, two of the company’s partnerships that helped the former energy merchant create cash flow and hide assets.
FERC Plans Conference to Examine SROs, Promises Options Paper
The Federal Energy Regulatory Commission will hold an additional technical conference on “Energy Price Discovery and Indices” on Tuesday June 24 to explore “some of the less familiar options such as Self-Regulating Organizations (SROs) and audited data hubs.” The announcement issued late Thursday (AD03-7-001) said representatives of the Commodity Futures Trading Commission and the National Association of Regulatory Utility Commissioners will participate.
FERC Plans Conference to Examine SROs
The Federal Energy Regulatory Commission is tentatively planning to hold an additional technical conference on “Energy Price Discovery and Indices” on Tuesday June 24 to explore “some of the less familiar options such as Self-Regulating Organizations (SROs) and audited data hubs.” An order to that effect was being circulated Thursday for approval by the commissioners.
Prosecutors Examine Other Enron Deals; Fastow Indicted Again
Prosecutors wading through the burgeoning and expensive Enron Corp. case may consider charges in the next month related to Whitewing and Yosemite, two of the company’s partnerships that helped the former energy merchant create cash flow and hide assets.
CPUC Head Says State to Examine Merchant Gas Storage; Reregulate
Merchant natural gas storage operators have joined their counterpart power plant operators in the crosshair of the California Public Utilities Commission, based on remarks Monday at a Canadian energy conference by the CPUC’s president, Loretta Lynch. State regulators likely will be examining the market power and wholesale price manipulation issues related to gas storage next year, she told an industry gathering in Calgary, as part of a broader reregulation effort.
CPUC Head Says State to Examine Merchant Gas Storage; Reregulate
Merchant natural gas storage operators have joined their counterpart power plant operators in the crosshair of the California Public Utilities Commission, based on remarks Monday at a Canadian energy conference by the CPUC’s president, Loretta Lynch. State regulators likely will be examining the market power and wholesale price manipulation issues related to gas storage next year, she told an industry gathering in Calgary, as part of a broader reregulation effort.
NEB to Examine Quebec Link in M&NP System
Central Canadian distributors have won the right to stake a claim on natural gas from offshore of Nova Scotia, after a hard-fought contest against production and transportation interests primarily bent on expanding deliveries to the United States.
NEB to Examine Quebec Link in M&NP System
Central Canadian distributors have won the right to stake a claim on natural gas from offshore of Nova Scotia, after a hard-fought contest against production and transportation interests primarily bent on expanding deliveries to the United States.